United Natural Foods (NYSE:UNFI – Get Rating) is scheduled to release its earnings data before the market opens on Tuesday, September 27th. Analysts expect United Natural Foods to post earnings of $1.24 per share for the quarter. Persons that wish to register for the company's earnings conference call can do so using this link.
United Natural Foods Stock Performance
UNFI opened at $42.14 on Tuesday. The company has a current ratio of 1.67, a quick ratio of 0.59 and a debt-to-equity ratio of 1.35. The company's fifty day moving average price is $44.42 and its two-hundred day moving average price is $42.18. United Natural Foods has a 1-year low of $33.63 and a 1-year high of $57.89. The company has a market cap of $2.46 billion, a price-to-earnings ratio of 10.23 and a beta of 0.90.
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Analysts Set New Price Targets
Several research firms have weighed in on UNFI. Deutsche Bank Aktiengesellschaft upped their price objective on shares of United Natural Foods from $46.00 to $53.00 and gave the stock a "hold" rating in a report on Wednesday, June 29th. MKM Partners upped their target price on shares of United Natural Foods from $66.00 to $69.00 and gave the stock a "buy" rating in a research note on Wednesday, June 8th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $52.57.
Hedge Funds Weigh In On United Natural Foods
Several institutional investors have recently added to or reduced their stakes in UNFI. JPMorgan Chase & Co. grew its position in United Natural Foods by 40.9% during the first quarter. JPMorgan Chase & Co. now owns 357,350 shares of the company's stock valued at $14,776,000 after buying an additional 103,800 shares during the period. Raymond James & Associates grew its position in United Natural Foods by 12.8% during the first quarter. Raymond James & Associates now owns 19,689 shares of the company's stock valued at $814,000 after buying an additional 2,239 shares during the period. MetLife Investment Management LLC lifted its holdings in United Natural Foods by 58.2% during the first quarter. MetLife Investment Management LLC now owns 30,238 shares of the company's stock valued at $1,250,000 after purchasing an additional 11,130 shares during the last quarter. Rhumbline Advisers lifted its holdings in United Natural Foods by 2.7% during the first quarter. Rhumbline Advisers now owns 157,010 shares of the company's stock valued at $6,492,000 after purchasing an additional 4,192 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in United Natural Foods by 17.6% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 50,075 shares of the company's stock valued at $2,071,000 after purchasing an additional 7,486 shares during the last quarter. Institutional investors own 88.10% of the company's stock.
United Natural Foods Company Profile
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United Natural Foods, Inc, together with its subsidiaries, distributes natural, organic, specialty, produce, and conventional grocery and non-food products in the United States and Canada. It operates in two segments, Wholesale and Retail. The company offers grocery and general merchandise, produce, perishables and frozen foods, nutritional supplements and sports nutrition, bulk and foodservice products, and personal care items.
Further Reading
- Get a free copy of the StockNews.com research report on United Natural Foods (UNFI)
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